Okay, I'll take a stab at this. So I kind of understand the interest in cryptocurrency, but I'm still a little lost when it comes to other applications for blockchain tech itself.
My limited understanding based on about a month of on and off research tells me distributed ledgers which can't be tampered have applications in certain fields, particularly finance. But now we see blockchain-based solutions cropping up everywhere (like startups claiming to be the 'Uber of x', now the trend seems to be blockchain of 'insert problem here').
Do you think the tech has the potential to revolutionise every industry? And have you come across any examples of innovative use of blockchains that perhaps took you by surprise?
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My view is that in 10 years, 90% of all world commerce will be on blockchains. We are going to have millions of blockchains at that time...some large, some small...some public, some private.
What surprises me is the growth rate of blockchain. There is no way for Wall Street to pump enough money into cryptos to keep pace with the growth of this technology. Cryptos wont bubble because of this.
Well, that's reassuring to hear. And thanks for taking the time to reply :)
As far as how blockchain could affect everything beyond the financial industry check out this link to another aricle on Steemit.
Thanks! I had read a little bit about some of the applications mentioned in the article but this helped add some perspective.
No problem, this is what I'm here for.
Glad I could help.